its the timing and execution of those trades so as not to disadvantage client positions. Trades of employees and family members will be monitored by Jennifer Shufro, Alkeon's Managing Director of Legal and Compliance (the "Compliance Director"). In addition, employees and related persons are required to have du

ervised persons' activities, including the investment advice that each provides to clients. Greg Jakubowsky (Alkeon's Chief Compliance Officer) and Jennifer Shufro (Alkeon's Managing Director of Legal and Compliance) supervise Alkeon's supervised persons by monitoring their compliance with Alkeon's Code of Eth

e that brokers are selected on the basis of the brokerage and research services provided to Alkeon (all gifts in excess of $100 must be reported to Jennifer Shufro, Alkeon's Compliance Director). No Alkeon employee may solicit gifts, and no cash gifts may be accepted. Alkeon may also execute securities transac

ervised persons' activities, including the investment advice that each provides to clients. Greg Jakubowsky (Alkeon's Chief Compliance Officer) and Jennifer Shufro (Alkeon's Managing Director of Legal and Compliance) supervise Alkeon's supervised persons by monitoring their compliance with Alkeon's Code of Eth